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41 E. University Avenue

Champaign, IL 61820
  • $3,850,000
  • STATUS: Active
  • ON SITE: 189 Days
  • MLS #: 12212107
UPDATED: 58 min ago
$3,850,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1913
County:
Area:

School Ratings & Info

Description

Historic Illinois Traction Building in the heart of Downtown Champaign offers high visibility and high traffic count. Built in 1913, the building was designed by architect Joseph Royer in the Contemporary Commercial Style featuring large windows on all sides allowing for natural light and city views! The building originally housed the railway's offices and served as the Champaign interurban station until 1936. It later housed the offices of the Illinois Power Company, which descended from the Illinois Traction System. The building was added to the National Register of Historic Places in 2006. This property is a rare offering for a stand alone building with its perfect blend of retail, residential, and office space plus off street parking. The West side has outdoor paved space currently being utilized for off street parking however with its in-place access to the 1st floor of the building this space could be transformed into outdoor patio and/or dining areas. With the high traffic of University Avenue an outdoor patio/dining space can show off your business and increase customer awareness. Across Market street to the east is the Illinois Terminal hub which is a consolidated terminal hosting a major transfer point for local mass transit service, inter-city bus service, and Amtrak passenger service. This location also provides easy access to the University of Illinois with over 55,000 students. Downtown Champaign offers a variety of sought out restaurants, microbreweries, and pubs plus a vibrant cultural and arts scene. Throughout Downtown you will find mixed use properties and multi-family developments creating a significant residential population that combines with a strong daytime employment creating a strong customer and client base for any business.

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2025-06-20T18:15:07.357 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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41 E. University Avenue Champaign, IL 61820

  • Price: $3,850,000
  • Status: Active
  • On Site: 189 Days
  • Updated: 58 min ago
  • MLS #: 12212107
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1913
Built
Neighborhood:
Champaign
County:
Champaign
Area:
Champaign
Property Description
Historic Illinois Traction Building in the heart of Downtown Champaign offers high visibility and high traffic count. Built in 1913, the building was designed by architect Joseph Royer in the Contemporary Commercial Style featuring large windows on all sides allowing for natural light and city views! The building originally housed the railway's offices and served as the Champaign interurban station until 1936. It later housed the offices of the Illinois Power Company, which descended from the Illinois Traction System. The building was added to the National Register of Historic Places in 2006. This property is a rare offering for a stand alone building with its perfect blend of retail, residential, and office space plus off street parking. The West side has outdoor paved space currently being utilized for off street parking however with its in-place access to the 1st floor of the building this space could be transformed into outdoor patio and/or dining areas. With the high traffic of University Avenue an outdoor patio/dining space can show off your business and increase customer awareness. Across Market street to the east is the Illinois Terminal hub which is a consolidated terminal hosting a major transfer point for local mass transit service, inter-city bus service, and Amtrak passenger service. This location also provides easy access to the University of Illinois with over 55,000 students. Downtown Champaign offers a variety of sought out restaurants, microbreweries, and pubs plus a vibrant cultural and arts scene. Throughout Downtown you will find mixed use properties and multi-family developments creating a significant residential population that combines with a strong daytime employment creating a strong customer and client base for any business.
Exterior Features

Docks Service Entrance Foundation Details Brick/MortarConcrete Perimeter Frontage Type City StreetOther Outdoor Parking 6-12 SpacesCommon ParkingLightedOpenPavedPrivate LotParking On-Site Roof MembraneRubber Roof Structure FlatPitched Water Drainage Storm Sewers

Interior Features

Cooling Central Air Flooring CarpetConcreteTileVariesVinylWood Heat Ventilation Central Heat/Indiv ControlsForced AirGas Miscellaneous Inside Elevator/s FreightAccessible Washroom/sInside Corridor/sJanitorial ServiceMulti-TenantPrivate Restroom/sStorage InsideBasement Number Of Dishwashers 7 Number Of Dryers 6 Number Of Ranges 5 Number Of Washers 6

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 22052 Built Before1978 YN Yes Current Use CommercialOffice Electric Circuit BreakersSeparate MetersOver 600 AmpsThree Phase Fire Protection Alarm MonitoredFire Extinguisher/sPartially SprinkleredSprinklers-WetCarbon Monoxide Detector(s) Geographic Locale Central Illinois Gross Income 245520 Gross Scheduled Income 245520 Insurance Expense 13000 Location Central Business DistrictCornerPublic Transport AvailHigh Traffic Area Mls Actual Status Active Net Operating Income 191822 Number Of Tenants 12 Operating Expense 53698 Ownership Types Sole Proprietor Possible Use CommercialOfficeMulti-FamilyRetail Property Sub Type Mixed Use Rental Price 0 Seller Needs Cash Tax Annual Amount 33098 Tax Year 2023 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 20460 Township Champaign Type Mixed Use Utilities Electricity AvailableNatural Gas AvailableSewer ConnectedFiber Water Source Municipal Water Zoning COMMR

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of WARD & ASSOCIATES: .


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2025-06-20T18:15:07.357 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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